Specialist - Internal Audit & Fraud Investigation

• Graduate in Accountancy or a business-related field, preferably Finance or Economics

• Internationally recognized accounting / auditing qualifications like CPA, CIA, CFE.

• 5-8 years professional experience in fraud risk management and audit in Financial Institution or large Organization.
• Must have relevant Internal Audit experience in the Banking Sector.
• Should have experience in Corporate Credit Audit and Financial Risk (Risk Modeling) Audit AND / OR
• Should hold an AML/CFT-related professional certification (i.e., ACAMS) and have experience auditing AML in banks AND / OR
• Should possess a Fraud Investigation qualification and have experience conducting Fraud Audits and Investigations.

• Intricate knowledge of overall banking operations and processes. Analysis and planning skills
• Negotiation and convincing skills
• Excellent report writing skills.
• Leadership and organizing skills.
• Interpersonal / communication skills
• Proficient in the use of Microsoft Excel, PowerPoint, Word, and bank systems

• Responsible for analyzing fraud data and providing end-to-end consolidated MI reporting for all Fraud Reporting matters.
• Flags any potential critical High-Risk trends emanating from the analytics process, report such
• instances to the AVP Internal Audit and Fraud Investigation and provide general guidance on proposed action plans.
• Recommends preventive measures, new tools / software to improve fraud detection, prevention, investigation, and reporting activities in collaboration with Fraud Risk Management.
• Validates and ensures that internal and external stakeholders provide accurate and sustainable MI.
• Interacts with business and the Risk management functions involving all Fraud Risk related
• reporting, Key Risk scenarios and Fraud risk event reporting.
• Interacts, where applicable, with external partners such as law enforcement agencies, regulatory
• bodies, CBUAE, vendors, banks to validate information in relation to fraudulent activities.
• Conducts Conformance testing as per the unit's plan and reports the results of the Conformance testing in accordance with the approved SOP.
• Maintains a tracker of all investigation results to closure stage, any remediation activities
• undertaken by business units in respect of fraud related control failures and/or Policy breaches
• identified during investigations, conformance reviews or any other detection method.
• Recommends amendments to policies and SOP's where it is deemed necessary to improve
• counteraction of Fraud Risk. with the Investigations Standard Operating Procedure as per the instructions.
• Accountable for preparation of investigation reports in accordance with the SOP as may be required under the direction of Audit & Fraud Investigation Management.
• Flags any potential or existing critical High-Risk trends or control failures emanating from
• investigative activity and report thereon to the Audit & Fraud Investigation Management.
• Assist the AVPs annual risk analysis to formulate risk-based audit plan for Business, Controls and Support audit activities and establishes priorities for proper risk coverage.
• Evaluates risks and internal control processes related to operations activities to ensure division's mandate and business goals are met and that professional standards are always maintained.
• Plans individual audit assignments in coordination with and under supervision of the team leaders to ensure that professional standards are maintained.
• Assess that audit plan sufficiently covers the scope, addresses key risks, and considers expectations of Senior Management
• Ensure timely completion and prompt reporting of audit assignments to the Head of Internal Audit and Senior Management.
• Audit observations are clearly presented in a draft Audit Report, with proper route-cause analysis, clear identification of the actual and potential risks, logical recommendations which should mitigate the risks identified.
• Performs any other tasks that have been delegated by line manager.

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